Fifth Third Bancorp Grows Position in Ryanair Holdings PLC $RYAAY

Fifth Third Bancorp raised its position in Ryanair Holdings PLC (NASDAQ:RYAAY) by 78,096.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,549 shares of the transportation company’s stock after acquiring an additional 19,524 shares during the quarter. Fifth Third Bancorp’s holdings in Ryanair were worth $1,177,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. USA Financial Formulas purchased a new stake in shares of Ryanair during the 3rd quarter worth $26,000. UMB Bank n.a. raised its stake in Ryanair by 1,057.4% in the third quarter. UMB Bank n.a. now owns 544 shares of the transportation company’s stock valued at $33,000 after buying an additional 497 shares in the last quarter. Parkside Financial Bank & Trust lifted its holdings in Ryanair by 250.9% during the 2nd quarter. Parkside Financial Bank & Trust now owns 593 shares of the transportation company’s stock worth $34,000 after buying an additional 424 shares during the last quarter. Wealth Preservation Advisors LLC acquired a new position in shares of Ryanair during the 2nd quarter worth about $39,000. Finally, Global Retirement Partners LLC boosted its position in shares of Ryanair by 68.1% during the 3rd quarter. Global Retirement Partners LLC now owns 684 shares of the transportation company’s stock worth $41,000 after acquiring an additional 277 shares in the last quarter. 43.66% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on RYAAY shares. Morgan Stanley restated an “overweight” rating on shares of Ryanair in a research note on Tuesday, January 27th. Zacks Research upgraded shares of Ryanair from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 27th. Erste Group Bank downgraded shares of Ryanair from a “buy” rating to a “hold” rating in a research report on Wednesday. Sanford C. Bernstein reiterated a “market perform” rating and set a $71.00 price target on shares of Ryanair in a research note on Tuesday, January 27th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Ryanair in a report on Thursday, January 8th. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $73.50.

Ryanair Price Performance

Shares of NASDAQ:RYAAY opened at $64.15 on Friday. Ryanair Holdings PLC has a one year low of $38.52 and a one year high of $74.24. The stock has a market capitalization of $33.68 billion, a price-to-earnings ratio of 12.88, a PEG ratio of 0.62 and a beta of 1.23. The company has a 50-day simple moving average of $69.96 and a 200-day simple moving average of $65.13. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.67 and a current ratio of 0.67.

Ryanair (NASDAQ:RYAAY) last posted its quarterly earnings data on Monday, January 26th. The transportation company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.18 by $0.08. Ryanair had a return on equity of 29.76% and a net margin of 15.04%.The firm had revenue of $3.77 billion during the quarter, compared to the consensus estimate of $3.16 billion. On average, analysts predict that Ryanair Holdings PLC will post 3.09 EPS for the current year.

Ryanair Dividend Announcement

The company also recently disclosed a special dividend, which will be paid on Wednesday, March 4th. Investors of record on Friday, January 16th will be given a $0.4545 dividend. The ex-dividend date is Friday, January 16th. Ryanair’s dividend payout ratio (DPR) is 14.26%.

About Ryanair

Ryanair Holdings plc is an Irish low-cost airline group headquartered in Dublin, Ireland. Founded in 1984, the company grew into one of Europe’s largest budget carriers by offering point-to-point scheduled passenger services with an emphasis on low fares, high aircraft utilization and rapid turnaround times. Ryanair serves a broad network across Europe and nearby regions, focusing on both intra-European leisure travel and short-haul business routes.

The group primarily operates a single-type fleet based on the Boeing 737 family, supplemented by a mix of in-house and subsidiary airlines that help serve different markets and regulatory environments.